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245 E 130Th St, Los Angeles, CA 90061
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245 E 130Th St Los Angeles, CA 90061

$1,975,000 Sold Price as of 10/26/2021
  • 16 Beds
  • 8 Baths
  • 5,040 Sq.Ft.
Sold
$1,975,000 Sold Price as of 10/26/2021 Refinance Your Mortgage
Map preview of 245 E 130Th St, Los Angeles, CA 90061

Property Overview: 245 E 130Th St Los Angeles, CA has 16 bedrooms, 8 bathrooms, 5,040 living square feet and 9,182 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are excited to present this cash flow building in the County Strip of Los Angeles. This eight unit complex boasts an excellent unit mix of all 2 bedroom - 1 bath apartments. The building was constructed in 1960 and contains 5,040 square feet. It is situated on a huge, 9,182 square foot lot that is zoned LCR1YY. The CPU and $/SF may seem a bit high but the income supports the price at $15,719 per month. The current GRM and CAP are very attractive at 10.86 and 6.07 respectively. Make all offers subject to inspection. Please do not walk on property or disturb tenants in any way.

Listed by Jerome McAlpin | BRE #00939725 | McAlpin & Company
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
9,182
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21742180
City
Los Angeles
County
Los Angeles
Time on Site
1207 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,735
  • Total Rent: $1,735
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,684
  • Total Rent: $1,684
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.86
  • Gross Scheduled Income: --
  • Net Operating Income: $124,495
  • Gross Operating Income: $188,628
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 245 E 130Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Detached Carport, Covered
Property Information
  • No View
  • View: None
  • Total # of Units: 8
  • Parcel Number: 6130005019
  • Architectural Style: Contemporary
Location / Neighborhood
Location Information
  • Directions: East of the 110 freeway and South of the 105 freeway
View more facts & features

Local Los Angeles Agent

Sale History for 245 E 130Th St

Last sold for $1,975,000 on October 26th, 2021

  • September, 2021

  • Sep 1, 2021

    Date

    Pending

    CRMLS: 21742180

    $2,050,000

    Price

  • Jun 22, 2021

    Date

    Price Change

    CRMLS: 21742180

    $2,050,000

    Price

  • Jun 2, 2021

    Date

    Active

    CRMLS: 21742180

    $2,190,000

    Price

  • February, 2015

  • Feb 4, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2006

  • Jan 6, 2006

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

Show More

Tax History for 245 E 130Th St

Assessed Value (2020): $879,145
Year Land Value Improved Value Assessed Value
2020 $384,625 $494,520 $879,145

Home Value Compared to the Market

This property vs the competition

245 E 130Th St sold on October 26, 2021 for 83.04% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $406.75 per/sqft which puts the price per square foot 43.82% lower than the current median sale per square foot for the city of Los Angeles.

About 245 E 130Th St

Detailed summary of property

245 E 130Th St is a multi family that recently sold in Los Angeles, CA 90061. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 5,040 living square feet, and sits on an approximately 9,182 square foot lot. 245 E 130Th St was first listed on ArdentRealEstateGroup.com on June 2, 2021. The homeowner sold the property for $1,975,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 83.04% higher than the current median priced home. Local homes that are currently for sale include 1152 W 88th St, 735 E 82nd St and 716 W 81st St. While the average home in Los Angeles, CA is selling in 106 days, 245 E 130Th St has a days on market of 91 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 245 E 130Th St Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 245 E 130Th St

Public county record property details
Beds
16
Baths
8
Year built
1960
Sq. Ft.
5,040
Lot Size
9,181
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,9
APN
6130-005-019

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$580,000
Median List Price/Sq.Ft.
$500
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$391
Total Inventory
18
Median Sale to List Price %
105.71%
Avg Days on Market
66
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (20%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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